Salvatore Ferragamo
market scenario the personal luxury goods market recording a growth of in expected to be impacted by the covid outbreak in visibility on covid impact is still low on both turnover and earnings china domestic market for the luxury sector after the high teens growth of still estimated to grow single digit in but subject to covid outbreak duration yet still expected to account for of total luxury sales and to drive the majority of growth in the coming years registering a single digit increase in and still deriving a consistent part of sales from travelers expected to suffer from domestic and travel restrictions related to the covid in north market traditionally more driven by local consumers expect to be weakened in by both the covid that has just started impacting the country and the election year hong sharp contraction in expected to continue in while also japan and other markets impacted deeply in the short term by covid digital luxury sales expected to still grow faster than with short term strong potential due to covid impact on physical traffic but in store experience to remain essential for the luxury sector travel retail bright future intact post covid emergency conclusion air passengers traffic up marking the first year since the global financial crisis with passenger demand below the long run rate of impacted by a global economic backdrop and business confidence amid international trade tensions data at with a vertical decline estimated in coming months with the spread of covid and travel restrictions | Salvatore Ferragamo
Company
Deck Type
Sector
Industry
Deck date
March 2020
Slide
3 of 11
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